Manappuram Finance Limited — Important, 18-10-2024: General Updates

Manappuram Finance acknowledges feedback from the Reserve Bank of India regarding Asirvad Microfinance. The company has convened an urgent board meeting to address the suggested improvements and reaffirm its commitment to compliance. The board will implement a detailed corrective action plan and ensure robust customer service. Manappuram is dedicated to comprehensive governance, risk management, and regulatory compliance, promising to submit their improvement strategies to the RBI within the required timelines.